our mobile website at http://chattanooga.realbird.com
Tuesday, May 24, 2011
Scan QR Code, Mobile Site For Your Home Search
our mobile website at http://chattanooga.realbird.com
Saturday, May 7, 2011
A LITTLE Work and Watch The Value Grow!
Overview Maps Photos |
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 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com     Listed by: Ricky Haynes |
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Monday, April 4, 2011
Single Family Home for sale in Chattanooga, TN
Overview Maps Photos Features Harrison Pike Video |
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 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com Listed by: Ricky Haynes |
Our recent listings Single Family Residential for $99,900 in Chattanooga, TN IT'S A SMALL PRICE...YOU'LL PAY FOR THIS ALL BRICK HOME!! PRIME LOCATION! AFFORDABLE NEIGHBORHOOD ! FANTASTIC RETURN OPPORTUNITY! Level Living Makes It Easy For You To Take It Easy
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Tuesday, March 15, 2011
Looking for Chattanooga Foreclosures ? fixxer uppers?
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How to Assess the Real Cost of a Fixer-Upper House
When you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Friday, February 25, 2011
SELLER SAYS BRING ALL OFFERS!
IT S A SMALL PRICE...YOU LL PAY FOR THIS ALL BRICK HOME!!
Overview Maps Photos Description **2602 LYNDON SLIDE SHOW****** |
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 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com  Listed by: Ricky Haynes |
Our recent listings IT'S A SMALL PRICE...YOU'LL PAY FOR THIS ALL BRICK HOME!! FANTASTIC RETURN OPPORTUNITY! PRIME LOCATION! AFFORDABLE NEIGHBORHOOD ! Level Living Makes It Easy For You To Take It Easy A Smart Low Maintenace Homes w/No Steps!
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Monday, February 21, 2011
Does Buying A Rental as an Investment Make Sense?
Q. Since so many people have lost their homes to foreclosures and can't get credit, I expect that it's a good time to buy a rental investment place. But I'm also worried that property prices may fall further. Do you think this would be a wise way to spend my money?
--Chicago
A. It all depends. If you're able to obtain a property that's deeply discounted from its current market value, can achieve positive cash flow and can handle the out-of-pocket expenses that inevitably arise when you're a landlord, then it could be a good deal.
But first ask yourself these questions: Do you mind panicked calls at 3 a.m. to deal with stopped-up showers or heat pumps that are on the fritz? Do you have a cushion of cash to tide you over during vacant periods and cover costs like advertising and vetting tenants? Can you afford to put down a hefty down payment to obtain financing? And do you plan to own for a few years so you can benefit from the boost in equity you'll get as you pay down the mortgage, even if it takes a while for home prices to rise again?
If the answer to all of these questions is yes, then you can go shopping. Ask the current owners for copies of all rental receipts, as well as all bills, including utilities, water and sewer, property management and taxes.
Then you'll have to do some figuring so you can compare the income potential of your targeted properties.
First, for each property, take annual rental income and deduct the average vacancy rate for your area, which in Chicago was 9.5% in the fourth quarter of 2010, according to the U.S. Census Bureau. Then deduct all of the operating expenses; this will give you your net operating income or NOI.
Once you get this figure, you can divide it by the purchase price to get the capitalization, or cap, rate. This is a useful figure to have when you're comparing properties, since those with higher cap rates will bring you better returns.
You'll also want to calculate the cash flow by deducting your annual mortgage payment from your NOI.
From that you can calculate the cash-on-cash return for the first year of ownership. Figure out your cash outlay by adding up closing costs, down payment and any expenses for necessary maintenance that was not done by the former owner. Divide your cash flow by your cash outlay and you'll have your cash-on-cash return, which is expressed as a percentage.
This figure can help you decide which property is the most lucrative, and also to compare the yield of a property with that of other kinds of investments, like Treasuries and stocks
If your looking for investment real estate in Chattanooga, TN, call or email me I can help!
--Chicago
A. It all depends. If you're able to obtain a property that's deeply discounted from its current market value, can achieve positive cash flow and can handle the out-of-pocket expenses that inevitably arise when you're a landlord, then it could be a good deal.
But first ask yourself these questions: Do you mind panicked calls at 3 a.m. to deal with stopped-up showers or heat pumps that are on the fritz? Do you have a cushion of cash to tide you over during vacant periods and cover costs like advertising and vetting tenants? Can you afford to put down a hefty down payment to obtain financing? And do you plan to own for a few years so you can benefit from the boost in equity you'll get as you pay down the mortgage, even if it takes a while for home prices to rise again?
If the answer to all of these questions is yes, then you can go shopping. Ask the current owners for copies of all rental receipts, as well as all bills, including utilities, water and sewer, property management and taxes.
Then you'll have to do some figuring so you can compare the income potential of your targeted properties.
First, for each property, take annual rental income and deduct the average vacancy rate for your area, which in Chicago was 9.5% in the fourth quarter of 2010, according to the U.S. Census Bureau. Then deduct all of the operating expenses; this will give you your net operating income or NOI.
Once you get this figure, you can divide it by the purchase price to get the capitalization, or cap, rate. This is a useful figure to have when you're comparing properties, since those with higher cap rates will bring you better returns.
You'll also want to calculate the cash flow by deducting your annual mortgage payment from your NOI.
From that you can calculate the cash-on-cash return for the first year of ownership. Figure out your cash outlay by adding up closing costs, down payment and any expenses for necessary maintenance that was not done by the former owner. Divide your cash flow by your cash outlay and you'll have your cash-on-cash return, which is expressed as a percentage.
This figure can help you decide which property is the most lucrative, and also to compare the yield of a property with that of other kinds of investments, like Treasuries and stocks
If your looking for investment real estate in Chattanooga, TN, call or email me I can help!
Friday, February 18, 2011
FANTASTIC RETURN OPPORTUNITY!
Overview Maps Photos Features |
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 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com Listed by: Ricky Haynes |
Our recent listings PRIME LOCATION! AFFORDABLE NEIGHBORHOOD ! IT'S A SMALL PRICE...YOU'LL PAY FOR THIS ALL BRICK HOME!! Level Living Makes It Easy For You To Take It Easy A Smart Low Maintenace Homes w/No Steps! Fantastic LOT IN A BEAUTIFUL ESTABLISHED NEIGHBORHOOD
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Nearby properties for sale |
Monday, February 14, 2011
Friday, February 11, 2011
LOOKING FOR HOMES FOR SALE IN CHATTANOOGA?
PRIME LOCATION! AFFORDABLE NEIGHBORHOOD !
Overview Maps Photos Features SLIDESHOW OF HOLLY CREST Neighborhood |
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 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com Listed by: Ricky Haynes |
Our recent listings PRIME LOCATION! AFFORDABLE NEIGHBORHOOD ! IT'S A SMALL PRICE...YOU'LL PAY FOR THIS ALL BRICK HOME!! Level Living Makes It Easy For You To Take It Easy A Smart Low Maintenace Homes w/No Steps! Fantastic LOT IN A BEAUTIFUL ESTABLISHED NEIGHBORHOOD
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Nearby properties for sale |
Wednesday, February 9, 2011
Saturday, February 5, 2011
Thursday, February 3, 2011
Wednesday, February 2, 2011
Monday, January 31, 2011
Tuesday, January 25, 2011
Chattanooga Foreclosures
Interested in Foreclosures in Chattanooga, TN? There are 80+ foreclosures coming on the market in Feburary 2011. I get advanced notice of these foreclosures. Dont be the last to the best deals. Call or email me now. Ricky Haynes 423-635-7304 , rickyhaynes@gmail.com, www.LivingChattanooga.com
Owning A Home in Chattanooga after Foreclosure
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5 Steps to Owning a Home Again After Foreclosure
Foreclosure is just a one-time event—with discipline and perseverance, you can get a mortgage and become a homeowner again. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Monday, January 24, 2011
Saturday, January 22, 2011
BEST HOME DEAL ON THE MARKET TODAY CHATTANOOGA HOMES FOR SALE
Level Living Makes It Easy For You To Take It Easy
Overview Maps Photos Description Neighborhood |
|
 | Ricky Haynes Crye-Leike (423) 635-7304 rickyhaynes@gmail.com http://www.LivingChattanooga.com Listed by: Ricky Haynes |
Our recent listings IT'S A SMALL PRICE...YOU'LL PAY FOR THIS ALL BRICK HOME!! Level Living Makes It Easy For You To Take It Easy A Smart Low Maintenace Homes w/No Steps! Fantastic LOT IN A BEAUTIFUL ESTABLISHED NEIGHBORHOOD Dreams Dont Last....Neither Do Dream Houses!
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